Two OPW offices in Mayo on sale for €2.6m

The buildings at Moyvalley Retail Park serve as the Road Safety Authority headquarters

Two two-storey office buildings let to the OPW on long-term leases at Moyvalley Retail Park in Ballina, Co Mayo, have come on the market for sale by private treaty.

Ian Lyons of Allsop is guiding €2.6 million for the investment which is producing rents of €243,188 under a lease which runs for another 11.75 years.

The two office buildings extend to 1,987sq m (21,380sq ft) and serve as the headquarters of the Road Safety Authority. The organisation also occupies an adjoining building which is not for sale.

The Moyvalley Park is located on the western edge of Ballina close to the local train and bus station.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times